Sensex rebounds into positive

The Sensex has rebounded into the psotive and is now at 16,289, up 52 points. The NSE Nifty is at 4,869, up 12 points.
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(Updated at 0945hrs)

The Sensex is now flat at 16,215, down 22 points. The NSE Nifty is at 4,848, down seven points.

Among the Sensex-30 stocks, Mahindra & Mahindra, Reliance Infrastructure and DLF have declined 1% each to Rs 983, Rs 979 and Rs 282, respectively.

HDFC Bank, Hindalco, Sterlite, Reliance, HUL and Jaiprakash Associates are the other major losers on the Sensex, down 0.5% each.

Sun Pharma, Tata Power, ICICI Bank and Tata Motors on the other hand have advanced 0.5% each.